impacts of indexation on fiscal outcomes during episodes of inflation surprises; and an analysis of the association between … the overall degree of indexation combining the four budget items and inflation persistence …This paper presents a new global dataset on current practices for four budget items in terms of indexation to the price …

Persistent inflation and slow stabilization are usually the result of policy accommodation resorted to in an attempt to … avoid the recessionary costs of a sharp reduction of inflation. This paper reviews three explanations for why policymakers …, despite their dislike of inflation, may nevertheless choose to adopt accommodative policies. It emphasizes the role of …

This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of … indexation of the public debt. It is shown that the government is likely to respond to an increase in the degree of wage … indexation by increasing the portion of the public debt that is indexed. By contrast, the effect of an increase in public debt …